Molefe should never have had an Eskom pension, fund’s head tells MPs
Parliament’s inquiry into state capture hears how Eskom bought 13 years of extra service for its disgraced CEO
Former Eskom CEO Brian Molefe should never have qualified to be a member of the power utility’s pension and provident fund as he was not a permanent employee, Parliament heard on Friday. Appearing before Parliament’s public enterprises committee, which is holding an inquiry into the capture of state-owned entities, Sibusiso Luthuli, the CEO of the Eskom Pension and Provident Fund, suggested the utility had misrepresented Molefe’s employment status, which allowed him to be a member of the fund. Molefe was employed on a five-year contract and, according to the fund’s rules, only permanent employees qualify. Molefe received a R30.1m "golden handshake" from the power utility after he left its employ in December 2016, despite having worked for 16 months. His departure followed damning findings made against him by former public protector Thuli Madonsela in her State of Capture report. Molefe became an ANC MP in February‚ but returned to Eskom in May after Public Enterprises Minister Lynne...
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